Bad Credit Loans:Free for All Credit Reports

Beginning September 1, 2005, free credit reports will be accessible to all Americans, regardless of where they live. That’s when the last phase of the government’s Fair Credit Reporting Act (FCRA) starts for residents of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia �?" the District of Columbia, Puerto Rico, and all U.S. territories. By then all states and U.S. territory residents will be able to send for their reports.You can order your free annual credit report online at www.annualcreditreport.com, by calling 877-322-8228, or by completing the Annual Credit Report Request Form (that’s a .PDF file) and mailing it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.Learn more about the free reports and how to get them at the Federal Trade Commission’s special website. It explains that:A credit report contains information on where you live, how you pay your bills, and whether you�?Tve been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home. There are three nationwide consumer reporting companies �?" Equifax, Experian, and Trans Union.You may want to review your credit report: * because the information it contains affects whether you can get a loan �?" and how much you will have to pay to borrow money. * to make sure the information is accurate, complete, and up-to-date before you apply for a loan for a major purchase like a house or car, buy insurance, or apply for a job. * to help guard against identity theft.That�?Ts when someone uses your personal information �?" like your name, your Social Security number, or your credit card number �?" to commit fraud. Identity thieves may use your information to open a new credit card account in your name. Then, when they don�?Tt pay the bills, the delinquent account is reported on your credit report. Inaccurate information like that could affect your ability to get credit, insurance, or even a job. more...


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